Form 4: Penske Automotive Group Director Lisa Ann Davis Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Lisa Ann Davis reports acquisition of deferred stock units in Penske Automotive Group, exercisable upon separation from the Board.
Summary
- Lisa Ann Davis, a director of Penske Automotive Group, Inc. [PAG], reported a transaction on March 1, 2024.
- The transaction involved the acquisition of 133 deferred stock units (phantom stock).
- These units are exercisable beginning upon Davis's separation from service from the Company's Board of Directors.
- Following the reported transaction, Davis beneficially owns 23,872 deferred stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The deferred stock units are exercisable upon the reporting person's separation from service from the Company's Board of Directors.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of deferred stock units by a director aligns her interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Acquisition of deferred stock units. |
| 03/05/2024 | Date of signature on the report. |
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